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The Closing Bell: Dow Rises More Than 100 Points As Earnings Season Continues
FYI: The S&P 500 rose Tuesday, on pace for its fifth consecutive session of gains, as stronger-than-expected earnings reports from some consumer discretionary companies helped extend the index’s rebound.
The Dow Jones Industrial Average traded 172 points higher, led by Apple and Intel. The Nasdaq Composite gained 0.74 percent while the S&P 500 climbed 0..47 percent on the back of gains from the tech and consumer sectors.
Alphabet, Seagate Technology and Estee Lauder are among the companies that have reported better-than-expected earnings. However, Alphabet traded slightly lower as the company also revealed declining advertising prices and rising costs. Seagate shares also dipped 1 percent.
Nine of the eleven S&P 500 Sectors led by Communication Services and Consumer Discretionary had a positive day. Regards, Ted
